Raymond James Financial Inc. Invests $5.81 Million in Sibanye Stillwater Limited (NYSE:SBSW)

Raymond James Financial Inc. acquired a new stake in Sibanye Stillwater Limited (NYSE:SBSW) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 1,761,770 shares of the company’s stock, valued at approximately $5,814,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. HighTower Advisors LLC increased its stake in shares of Sibanye Stillwater by 6.7% during the 3rd quarter. HighTower Advisors LLC now owns 48,632 shares of the company’s stock worth $199,000 after purchasing an additional 3,045 shares during the last quarter. Rhumbline Advisers boosted its holdings in Sibanye Stillwater by 32.3% in the fourth quarter. Rhumbline Advisers now owns 12,790 shares of the company’s stock worth $42,000 after purchasing an additional 3,120 shares in the last quarter. XTX Topco Ltd increased its position in Sibanye Stillwater by 5.6% during the third quarter. XTX Topco Ltd now owns 101,656 shares of the company’s stock worth $418,000 after buying an additional 5,428 shares during the last quarter. Blankinship & Foster LLC bought a new position in Sibanye Stillwater during the third quarter valued at about $41,000. Finally, Pine Valley Investments Ltd Liability Co lifted its position in shares of Sibanye Stillwater by 83.4% in the third quarter. Pine Valley Investments Ltd Liability Co now owns 27,136 shares of the company’s stock worth $112,000 after buying an additional 12,336 shares during the last quarter. Hedge funds and other institutional investors own 34.93% of the company’s stock.

Sibanye Stillwater Trading Down 0.8 %

Shares of NYSE:SBSW opened at $4.34 on Tuesday. Sibanye Stillwater Limited has a 52-week low of $3.05 and a 52-week high of $5.93. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.04 and a current ratio of 2.09. The company has a market cap of $3.07 billion, a P/E ratio of 8.34 and a beta of 1.59. The stock’s 50-day moving average is $3.77 and its 200-day moving average is $3.98.

Analyst Ratings Changes

Separately, Royal Bank of Canada raised Sibanye Stillwater from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from $4.70 to $5.30 in a research report on Tuesday, March 18th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $5.05.

Sibanye Stillwater Profile

Sibanye Stillwater Limited, together with its subsidiaries, operates as a precious metals mining company in South Africa, the United States, Europe, and Australia. The company produces gold; platinum group metals (PGMs), including palladium, platinum, rhodium, iridium, and ruthenium; chrome; nickel; and silver, cobalt, and copper.